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Chart of the Day: Are Diamonds Not Forever?

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer Jan 23, 2025
price of diamonds indicated by blue line on the chart

Contents

Today’s Chart of the Day comes from Bank of America and shows the price of diamonds going back 22 years. After spiking in 2022, diamond prices are now the lowest ever. The industry says it’s a combination of:
  1. Over supply resulting from the high demand in 2022
  2. Less people getting married (particularly in China)
  3. 20% of diamonds are now lab grown
Always remember though, for commodities such as diamonds, the cure for low prices are low prices. As lower prices reduce supply, this can cause prices to go back up as less diamonds become are available. However, changing demographics and lab grown diamonds might start to play an increasingly important role in the long-run. 
Chart of the Day

About the Author

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer
Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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